Garmin (GRMN) director reports RSU award and 215-share tax withholding
Rhea-AI Filing Summary
Garmin Ltd. director Jonathan Burrell reported routine equity compensation and related tax withholding. He acquired 753 registered shares through a restricted stock unit grant under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan, scheduled to vest on June 5, 2027.
A prior restricted stock unit award from June 6, 2025 released 858 shares, of which 215 shares were withheld at $236.57 per share to pay the resulting tax liability. Following these direct transactions, he holds 9,889 registered shares directly, alongside substantial indirect holdings through trusts, GRATs, and LLCs where he serves as trustee or manager and disclaims beneficial ownership beyond his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 538 shares
Net Buy
7 txns
Insider
BURRELL JONATHAN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Registered Shares | 215 | $236.57 | $51K |
| Grant/Award | Registered Shares | 753 | $0.00 | $0.00 |
| holding | Registered Shares | -- | -- | -- |
| holding | Registered Shares | -- | -- | -- |
| holding | Registered Shares | -- | -- | -- |
| holding | Registered Shares | -- | -- | -- |
| holding | Registered Shares | -- | -- | -- |
Holdings After Transaction:
Registered Shares — 9,889 shares (Direct);
Registered Shares — 6,325,052 shares (Indirect, By GRATs);
Registered Shares — 394,478 shares (Indirect, By LLCs);
Registered Shares — 2,626,343 shares (Indirect, By trust)
Footnotes (8)
- F1. Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests on June 5, 2027.
- F2. Includes the 753 unvested shares acquired pursuant to the grant of restricted stock units described in Footnote 1 and 858 unvested shares acquired pursuant to a previously granted restricted stock unit award.
- F3. 858 shares that were acquired pursuant to an award of restricted stock units on June 6, 2025 and were released to the reporting person. Of these 858 shares, 215 shares were withheld to pay a resulting tax liability.
- F4. Includes the 753 unvested shares acquired pursuant to the grant of restricted stock units described in Footnote 1.
- F5. The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein.
- F6. The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F7. The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
- F8. The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
Key Figures
RSU grant: 753 shares
RSU vesting date: June 5, 2027
Prior RSU release: 858 shares
+5 more
8 metrics
RSU grant
753 shares
Restricted stock unit grant under Non-Employee Directors' Equity Incentive Plan
RSU vesting date
June 5, 2027
Vesting date for 753-share restricted stock unit award
Prior RSU release
858 shares
Shares released from a restricted stock unit award on June 6, 2025
Tax-withheld shares
215 shares
Shares withheld to pay tax liability from 858-share RSU release
Tax withholding price
$236.57 per share
Price applied to the 215 withheld shares for tax payment
Direct holdings after transactions
9,889 shares
Registered shares held directly by Jonathan Burrell following reported events
Indirect GRAT holdings
4,591,752 shares
Registered shares held indirectly by GRATs where Burrell is co-trustee
Additional GRAT holdings
1,733,300 shares
Registered shares held indirectly by other GRATs established by family
Key Terms
restricted stock units, Non-Employee Directors' Equity Incentive Plan, grantor retained annuity trusts (GRATs), tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Directors' Equity Incentive Plan financial
"grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan."
grantor retained annuity trusts (GRATs) financial
"The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him."
tax-withholding disposition financial
"215 shares that were acquired pursuant to an award of restricted stock units ... were withheld to pay a resulting tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
pecuniary interests financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Garmin (GRMN) director Jonathan Burrell report in this Form 4 filing?
Jonathan Burrell reported routine equity compensation and related tax withholding. He received a restricted stock unit grant of 753 registered shares and had 215 shares withheld from a prior RSU release to cover taxes, without any open-market share purchases or sales disclosed.
Does this Garmin Form 4 indicate open-market buying or selling by Jonathan Burrell?
The filing does not show open-market trades by Burrell. It reports a 753-share restricted stock unit grant as compensation and a 215-share tax-withholding disposition from an 858-share restricted stock unit release, which are routine equity award and tax settlement mechanisms rather than discretionary market transactions.